Report Indicates Home Equity Reaches $17.6 Trillion in First Quarter
New data reveals the average introductory rate on second lien HELOCs has fallen below 7.5%, indicating a shift in home equity dynamics for private lenders.
FHA Commences Multifactor Authentication on the Catalyst Platform
Multi-factor authentication is now accessible to all FHA Connection users and must be implemented by July 28, enhancing security measures for private lenders.
Americans accessed $25 billion in home equity for the first time since 2008.
Home equity lending activity traditionally slows in Q1, but a recent decline in interest rates has sparked renewed interest among private lenders.
NAR Discusses DEI, Hate Speech, and Declining Membership at Conference
NAR leaders clarify that proposed updates to the trade group's hate speech policy are independent of the Trump administration's views on diversity and inclusion.
Mortgage Rates Remain Steady Amidst Volatile Economic Headlines
Mortgage rates showed stability last week, providing a calm reprieve from recent fluctuations introduced by the Godzilla tariffs. Insights for private lenders.
Report: Newly Constructed Apartments Remain Vacant for Extended Periods
Nearly 125,000 new apartments were completed recently, marking the second highest record, yet many remain vacant for extended periods.
Sun Belt’s Long-Term Housing Advantage Amid Pandemic Boomtown Challenges
Rising home availability is transforming markets previously buoyed by pandemic growth, presenting new opportunities and challenges for private lenders.
Cyberattack Disrupts Real Estate Transactions in Wisconsin County
Cyberattacks hinder real estate transactions, prompting concerns from local agents about slow remediation efforts. Stay informed on the latest industry impacts.
Data reveals continued low agent mobility, indicating ongoing market caution.
April typically sees robust agent transfers as brokerages prepare for peak season, but this year's lower AMI indicates ongoing caution among agents.
Texas Legislation on NAR Speech Code Does Not Progress
Texas legislation responds to NAR's 2020 speech code, aiming to clarify regulatory concerns. This development may impact private lenders in the region.